Usio announces uplisting to Nasdaq Global Market » 09:0306/1406/14/21
Usio announced that its…
Usio announced that its common shares have been approved for listing on the Nasdaq Global Market. Common shares will begin trading on the Nasdaq Global Market on June 15th under the company's current ticker symbol - USIO. "Uplisting our stock to the Nasdaq Global Market is an important milestone that builds on the positive momentum generated by our growing string of record transaction processing results," said Louis Hoch, President and CEO of Usio. "Along with increasing our visibility in the marketplace, we anticipate this uplisting to improve the liquidity of our stock, further broaden our institutional shareholder base and ultimately enhance long-term shareholder value. Additionally, we expect this uplisting to further enhance our ability to implement our multi-channel growth strategy and optimize the company's return on invested capital."
|Over a week ago|
Usio processes excess of $1B of transaction volume in May » 09:1306/0306/03/21
Usio announced that May…
Usio announced that May 2021 was the Company's first-ever month in which it processed in excess of $1B dollars of transaction volume. "Our ACH business is driving unprecedented growth," said Louis Hoch, President and Chief Executive Officer of Usio. "We had our best quarter of transaction processing volume in the fourth quarter of 2020, and in the first quarter of 2021 we doubled the dollar volume we processed in the fourth quarter of 2020. That alone is reason to celebrate, but in the first two months of the second quarter of 2021, our ACH business has already exceeded the first quarter's record number of transactions and dollar volume processed. And, now in May 2021, we achieved our first $1 billion processing month, with over $1.1 billion in transaction dollar volume processed, which speaks to the strength of the relationships we are building with organizations in fast-growing industries, such as cryptocurrency and FinTech lending. As always, we look to sustain this momentum by focusing on execution, investing in technology, and providing unparalleled service, all with an eye to deliver shareholder value."lume."Our ACH business is driving unprecedented growth," said Louis Hoch, President and Chief Executive Officer of Usio. "We had our best quarter of transaction processing volume in the fourth quarter of 2020, and in the first quarter of 2021 we doubled the dollar volume we processed in the fourth quarter of 2020. That alone is reason to celebrate, but in the first two months of the second quarter of 2021, our ACH business has already exceeded the first quarter's record number of transactions and dollar volume processed. And, now in May 2021, we achieved our first $1 billion processing month, with over $1.1 billion in transaction dollar volume processed, which speaks to the strength of the relationships we are building with organizations in fast-growing industries, such as cryptocurrency and FinTech lending. As always, we look to sustain this momentum by focusing on execution, investing in technology, and providing unparalleled service, all with an eye to deliver shareholder value."
|Over a month ago|
Usio reports Q1 EPS (4c), consensus (3c) » 16:1805/1305/13/21
Reports Q1 revenue…
Reports Q1 revenue $13.46M, consensus $12.11M. Louis Hoch, president and CEO of Usio, said, "The new year is off to a terrific start, with first quarter revenues growing at the fastest rate in the Company's history, leading to all-time record quarterly revenues and a significant improvement in profitability. Once again, results illustrate that our multi-channel distribution strategy is successfully capitalizing on the vast opportunities in the fast-growing electronic payments and related industries with over 100% growth in the Company's operating performance metrics (Key Performance Indicators or KPIs) in our ACH, Card and Prepaid Businesses. Given the significant increase in the sequential rate of revenue growth compared to the fourth quarter of 2020, we are extremely confident our business is gaining momentum. We remain on pace to achieve, or exceed, our 50% revenue growth goal for this year."
Usio reports Q1 credit card dollars processed up 30% » 09:1104/2604/26/21
First Quarter Processing…
First Quarter Processing Results: Credit Card Dollars Processed + 30%; Credit Card Transactions Processed + 105%; Prepaid Card Load Volume + 105%; Prepaid Card Transaction Volume + 89%. More ACH and Card transactions were processed in the first quarter of 2021 than any previous quarter in the company's history. Total Dollars processed in the first quarter of 2021 were $1.86 billion, topping the previous all-time record of $920 million that was set in fourth quarter of 2020. Louis Hoch, President and CEO of Usio, said, "First quarter electronic payments and dollar transaction processing volume was more than double our previous record quarter, which was set in the fourth quarter of 2020. These two consecutive quarters of record dollars processed clearly indicates our business has inflected, and we have now been consistently operating at a significantly higher level of activity. There has been a doubling of key performance metrics in each of our segments, with ACH electronic check dollars processed up 139%, and credit card transactions processed and prepaid load volume both up 105%. The new year is off to a great start and we are capitalizing on the strong business momentum by continuing to invest in our growth platforms to further strengthen the Usio franchise."
Usio management to meet virtually with Barrington » 04:5504/1304/13/21
Virtual Meeting to be…
Virtual Meeting to be held on April 13 hosted by Barrington.
Usio expects over 100% y-o-y growth in Q1 electronic payments volume » 09:0604/1204/12/21
Usio announced that it…
Usio announced that it expects to report record processing results for the first quarter of 2021. Louis Hoch, President and CEO of Usio, said, "I am pleased to report that through our diverse payment channel strategy, all three of our segments, ACH, Card and Prepaid, are expected to report over 100% year-over-year growth in important Key Performance Metrics. This generated all-time record quarterly volume for dollars processed for the first three months of 2021. This is an excellent start to a year in which we expect to see revenue growth of 50% and a significant improvement in our profitability metrics." These results are based in part on preliminary results. Usio plans to release final transaction and processing volume results for the first quarter at a later date.
Usio management to meet virtually with Barrington » 12:2204/0804/08/21
Virtual Meeting to be…
Virtual Meeting to be held on April 13 hosted by Barrington.
Usio's Q4 gross margin not sustainable, says Alliance Global Partners » 13:0803/3003/30/21
Alliance Global Partners…
Alliance Global Partners analyst Brian Kinstlinger noted that Usio reported Q4 revenue that beat his estimate and an adjusted EBITDA of $256,000, compared to his estimate for a loss of $350,000. However, he expects the company's gross margin will pull back from the "impressive" result in Q4 and Kinstlinger keeps a Neutral rating and $3.75 price target on Usio shares.
Fly Intel: After-Hours Movers » 18:4703/2903/29/21
ABCL, VTSI, SRAX, BIOC, LYRA, PLMR, PSNL, SHAK, PCVX, DNMR, CLDX, GOEV, USIO, WVE, BFLY, YTEN
Check out this evening's…
Usio reports Q4 EPS 1c, consensus (5c) » 16:0703/2903/29/21
Reports Q4 revenue…
Reports Q4 revenue $9.38M, consensus $8.59M. Louis Hoch, President and Chief Executive Officer of Usio, said, "Fourth quarter results once again illustrated the strength of our multi-channel distribution strategy and the momentum it is creating. Revenue growth in the quarter accelerated to 27.4%, driven primarily by strong growth in our prepaid business, an increase in card revenues and a one-month contribution from Output Solutions, which was acquired late in the quarter. This strong growth also demonstrated the leverage in our model, as gross profits were up 62.7%, we generated an $800,000 improvement at the operating income (loss) compared to the same quarter a year ago and we achieved adjusted EBITDA positive cash flow in Q4. We ended the year in a strong financial position, which will enable us to continue to invest in our technology, sales and marketing initiatives to further capitalize on growth opportunities and drive shareholder value." "We are extremely excited by the prospect for even faster growth in calendar year 2021. Looking across the enterprise, our PayFac business has inflected with PayFac's single largest customer/client now rapidly boarding and improved conversion rates throughout our growing portfolio of ISV relationships. Our Prepaid business has established a new, higher level of performance, and we are preparing for the next leg up. Our new line of business, Usio Output Solutions should significantly add to this year's performance, with the opportunity to generate even better performance through the dynamic cross-selling opportunities it creates as a complement to our other businesses. And, most importantly, in our ACH business, our relationships with leading organizations in fast-growing industries like cryptocurrency should drive strong growth in our most profitable segment and is back on track for year-over-year growth in the first quarter of 2021. As a result, revenues should be up significantly and we should achieve positive cash flow this year. In each of our segments, our success stems from our winning formula of innovative technology and unparalleled service, which continues to provide a differentiated, competitive advantage across the electronic payments landscape."